No. of Recommendations: 37
inparadise posts,

My guess is that the administration is going after the ability of married and divorced workers to receive full spousal benefits (equal to half of their spouse’s full retirement benefit provided he or she has filed for retirement benefits) between full retirement age and 70 while permitting their own retirement benefit to grow due to the delayed retirement credit.

Most likely, the administration will let high-income households collect a full spousal benefit, but somehow, deduct it from their retirement benefit once they start collecting it. This would add yet another level of unbelievable complexity to a system that could not be more complex and incomprehensible.

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Cry me a river.

Married folks don't pay any extra into SS for spousal benefits and singles like me end up subsidizing this largess.

The Social Security Administration closed the one loophole I could take advantage of when they ended the "Withdrawal of Application" strategy a few years ago.

http://retireearlyhomepage.com/cheap_annuity_no_more3.html

I don't have a problem with closing other loopholes that largely benefit high income earners. If you believe we have to do something about entitlements, I'd end the loopholes before cutting the $1,300/month benefit of the average SS beneficiary.

intercst
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